Wednesday, June 14, 2017

Arbor Funds $28M New Construction Loan in Clearfield, UT

Garth Davis
UNIONDALE, NY – Arbor Realty Trust, Inc. (NYSE:ABR), a real estate investment trust and national direct lender specializing in loan origination and servicing for multifamily, seniors housing, healthcare and other diverse commercial real estate assets, has announced it has funded a $27,354,000 FHA 221(d) (4) loan for the new construction of Clearfield Station, a Class A, 216-unit multifamily building located in Clearfield, UT. 

The multifamily construction project will be part of a larger 72-acre master-planned development adjacent to the Clearfield FrontRunner commuter rail station owned by the Utah Transit Authority (UTA). The developer has planned a mixed-use for the property including office and residential spaces, an industrial park, a school and a park, as well as parking to support the existing rail station.

The 24-month non-recourse construction loan converts to a 40-year self-amortizing permanent loan and was originated by Garth Davis, Senior Vice President, Western Regional Director, based in Arbor’s San Francisco office.

For a complete copy of the company’s news release, please contact:

Bonnie Habyan
Arbor Realty Trust, Inc.
 Tel: (516) 506-4615
333 Earle Ovington Blvd, Suite 900                                       
Uniondale, NY 11553

Lincoln Property Company Completes Five Leases Totaling 15,980 square feet at Lake Destiny Center I in Maitland, FL

Sean Dupree
ORLANDO, FL – Lincoln Property Company Southeast, a full service commercial real estate firm based in Orlando, recently completed three new and two renewal leases for 15,980 rentable square feet at Lake Destiny Center I, 1101 N. Lake Destiny Rd. in Maitland.

Sean DuPree, Broker at Lincoln Property who negotiated all five transactions on behalf of the Landlord said owner TerraCap Management made substantial improvements to the 57,358 square foot, four-story Class A office building since purchasing the property 18 months ago resulting in both new leases and long-term renewals of existing tenants.

Blackwood Industries, ( a supplier of goods to foodservice industry customers including Olive Garden, Outback and Sam’s Club, leased Suite 120 with 3,096 square feet;

Harte Hanks Strategic Marketing Inc. ( leased Suite 335 with 2,314 square feet. The multi-national company with 32 offices in six countries provides a myriad of services from branding to video content; and

Priority Search International, Inc. ( and Titlesoft, Inc. (  renewed Suite 265 with 2,248 square feet and Suite 105 with 1,451 square feet, respectively.

ClearChoice Management Services ( a dental implant periodontist who signed a new lease for 6,871 square feet at the end of 2016, recently opened their new office in suite 130 and are now seeing patients there.

 For a complete copy of the company’s news release, please contact:

Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142

Hold-Thyssen Closes Sale of West Orlando Mobile Home Park for $1 Million

N. Joelle Forster

Martin Forster
ORLANDO, FL and WINTER PARK, FL --- Hold-Thyssen, Inc., a full service commercial property firm based in Winter Park, recently negotiated the sale of Conestoga Mobile Home Park at 5650 W. Colonial Drive in Orlando for $1,000,000.00.

The Hold-Thyssen brokerage team of Martin Forster, CCIM and N. Joelle Forster brokered the transaction on behalf of the buyer, AMHC Conestoga, LLC, and the seller – Marie S. Howlett, Trustee, the same family ownership since 1953.    The property, consisting of 60 lots on 4.49 acres had never been previously offered for sale. 

Forster said due diligence was protracted due to environmental concerns that ultimately proved groundless, and the property received a clean environmental report. 

Hold-Thyssen provides commercial property brokerage, leasing and management services to institutional and private investor clients nationwide.  The 40-year old firm’s current management portfolio includes more that 100 commercial properties throughout the United States.

 For a complete copy of the company’s news release, please contact:

Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142

NAI Realvest Negotiates Six New Industrial Leases in Casselberry, Oviedo and Sanford totaling more than 23,200 Square feet

Jeff Bloom
Oviedo, FL and Sanford, FL – NAI Realvest, recently negotiated six new industrial leases in Casselberry, Oviedo and Sanford for industrial space totaling 23,204 rentable square feet.

Jeff Bloom, CCIM, vice president at NAI Realvest, brokered the lease of 1,500 square feet of industrial space in suite 1019 of Seminole Commerce Center, 1495 Seminola Blvd. in Casselberry.  The new tenant is Revel LLC and Canterbury Enterprises, Inc. is the landlord.

Paul P. Partyka, CCIM, partner at NAI Realvest brokered two leases at Airport North Industrial Park, 3680 Delphini Park Lane in Sanford representing the Landlord AIM 786, LLC.  The new tenants are Resort Holdings International, a local company who transfers renovated classic cars that leased 6,000 square feet, and Epic Stainless, Inc. an aluminum furniture manufacturer who leased 3,600 square feet.

In Oviedo’s South Park Business Center, Partyka brokered two leases for a total of 9,944 square feet at 531 and 532 S. Econ Circle.  Both suites will be occupied by Power Dry of Oviedo.  The New York-based landlord is WSV Gilbert LLC.  

At Monroe CommerCenter South Phase III located at 4295 Church St. in Sanford, Michael Heidrich, a principal at NAI Realvest brokered a lease of 2,160 square feet to house an office of the Tallahassee-based Florida Department of Financial Services.  Orlando-based RHCP COP Orlando, LLC is the landlord at the center. 

 For a complete copy of the company’s news release, please contact:

Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142

Fifield Realty Corp. Reaches 85-Percent-Leased Milestone in Less Than Nine Months at NEXT Apartments in Chicago

Randy Fifield

CHICAGO, IL (June 14, 2015) — Chicago-based Fifield Realty Corp. has announced that NEXT Apartments, its 310-unit luxury apartment project at 347 W. Chestnut in Chicago’s River North neighborhood, has been leasing at a record pace.

 Open less than nine months, the 28-story tower, which offers residents a full suite of best-in-class amenities and five-star services, is 85 percent leased.

NEXT Living Room
“NEXT has led the way for high-rise residential living in this rapidly emerging tech corridor and set the standard for rentals in the neighborhood,” said Randy Fifield, chairwoman of Fifield Realty Corp.

“Young urban professionals, graduate students and older millennials with young children are just a few of the groups choosing the luxury lifestyle available at NEXT. 

"They want a world-class, amenity-rich building that is not just near work, but also in proximity to the city’s top schools, restaurants, shopping, parks and entertainment.”

Luxury apartments at NEXT range from 426 to 1,727 square feet, with a mix of studio, one- and two-bedroom units available, along with two- and three-bedroom penthouses.

 Homes feature nine-foot ceilings, oversized windows, plank flooring, quartz countertops, tile backsplashes, Grohe faucets, closet organizers, oak-faced flat paneled cabinets and GE stainless steel appliances. Private balconies and master bedroom walk-in closets are available in select units.

NEXT Swimming Pool
“Before NEXT’s opening in late September 2016, there had been little high-rise residential construction during the last few years between Chicago Avenue and Division Street,” said Steve Fifield, chairman of Fifield Cos.

“Today, there are other developers following our lead in this community and recognizing how fast the area has grown and changed — and how demand for well-designed buildings with top-of-the-line finishes will continue. In spite of beginning our leasing during the traditionally slower fall/winter period, we are ahead of our own projections and industry expectations. And we expect lease-up at NEXT to stay strong.”

NEXT residents have daily access to a state-of-the-art fitness center with special class offerings and an indoor/outdoor yoga studio; media room with oversized TV with surround sound; demonstration kitchen; coffee bar; gaming arcade; business center and conference room; “bicycle kitchen” with storage, supplies, tools and air pumps; dog spa; and an outdoor pool, spa and sun terrace complete with cabanas, a fire pit, and outdoor grilling kitchens with pergolas and seating.

Steve Fifield
Building residents also receive daily greetings from their well-known four-legged neighbor Daisy, an 80-pound Newfoundland that lives onsite and is NEXT’s official “House Dog.”

“Not only can our residents be close to everything downtown has to offer, but they also can get a great workout, host the best parties, have efficient business meetings, and enjoy some cuddles with a sweet, friendly dog without committing to pet ownership,” said Randy Fifield. 

“Our goal at NEXT is to offer residents the best of everything and to make their daily routines a little easier. They can even count on our staff to organize fun, educational events and arrange partnerships with local businesses that contribute to their overall health and wellness.”

Located just two blocks from the CTA’s Brown/Purple Line stations at Franklin Street and Chicago Avenue, and a short walk to the Red Line station at North and Clybourn, NEXT offers convenient access to the Loop. It is also within proximity of popular River North dining and nightlife destinations, parks, and grocery stores such as Whole Foods, Jewel-Osco and Target.

To learn more about NEXT Apartments in Chicago, or for leasing information, visit or call 312-361-3199

And for renters who want a similar renter lifestyle to the one offered at NEXT Apartments in Chicago, but on the West Coast, Fifield Realty Corp. has begun leasing its new 398-unit luxury NEXT on Sixth Apartments in LA's Koreatown, which will open in August.

 Fifield Cos. is one of the nation’s premier developers of urban office towers and luxury high-rise rental apartments. 

Established in 1977, Fifield has earned a reputation for creating superb living and office environments in some of the country’s most renowned locations, including Chicago, Austin, Dallas, Ft. Lauderdale, Los Angeles, San Francisco, Washington DC, Las Vegas and Honolulu. Fifield has completed more than 70 projects in the United States worth more than $7 billion. For more information, visit

For a complete copy of the company’s news release, please contact:

Gretchen Muller,, 312-267-4511
Kim Manning,, 312-267-4527